AutoZone, Inc. (NYSE:AZO) Shares Sold by Mather Group LLC.

Mather Group LLC. trimmed its position in AutoZone, Inc. (NYSE:AZO) by 19.4% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 158 shares of the company’s stock after selling 38 shares during the period. Mather Group LLC.’s holdings in AutoZone were worth $506,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Capital Performance Advisors LLP acquired a new position in AutoZone in the third quarter worth about $36,000. Carolina Wealth Advisors LLC acquired a new position in AutoZone in the third quarter valued at approximately $47,000. Darwin Wealth Management LLC acquired a new position in AutoZone in the third quarter valued at approximately $47,000. Crews Bank & Trust acquired a new position in AutoZone in the fourth quarter valued at approximately $61,000. Finally, McIlrath & Eck LLC boosted its stake in AutoZone by 25.0% in the third quarter. McIlrath & Eck LLC now owns 20 shares of the company’s stock valued at $63,000 after acquiring an additional 4 shares during the period. 92.74% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

AZO has been the subject of a number of research reports. The Goldman Sachs Group downgraded AutoZone from a “buy” rating to a “sell” rating and decreased their target price for the company from $3,205.00 to $2,917.00 in a research note on Monday, October 14th. Guggenheim lifted their target price on AutoZone from $3,350.00 to $3,750.00 and gave the company a “buy” rating in a research note on Wednesday, December 11th. Barclays boosted their price objective on AutoZone from $3,024.00 to $3,585.00 and gave the stock an “overweight” rating in a research report on Thursday, January 9th. Truist Financial boosted their price objective on AutoZone from $3,501.00 to $3,753.00 and gave the stock a “buy” rating in a research report on Wednesday, December 11th. Finally, Mizuho boosted their price objective on AutoZone from $3,350.00 to $3,600.00 and gave the stock an “outperform” rating in a research report on Wednesday, December 11th. One investment analyst has rated the stock with a sell rating, three have given a hold rating, sixteen have given a buy rating and three have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $3,429.84.

AutoZone Stock Performance

NYSE AZO opened at $3,478.43 on Thursday. The stock has a market capitalization of $58.37 billion, a P/E ratio of 23.24, a P/E/G ratio of 1.85 and a beta of 0.70. AutoZone, Inc. has a 1 year low of $2,672.31 and a 1 year high of $3,481.36. The business’s fifty day moving average is $3,275.98 and its two-hundred day moving average is $3,174.59.

AutoZone (NYSE:AZO) last posted its quarterly earnings results on Tuesday, December 10th. The company reported $32.52 earnings per share (EPS) for the quarter, missing the consensus estimate of $33.69 by ($1.17). The company had revenue of $4.28 billion during the quarter, compared to the consensus estimate of $4.30 billion. AutoZone had a net margin of 14.18% and a negative return on equity of 53.89%. AutoZone’s quarterly revenue was up 2.1% on a year-over-year basis. During the same period in the prior year, the company posted $32.55 EPS. On average, research analysts forecast that AutoZone, Inc. will post 152.94 earnings per share for the current year.

About AutoZone

AutoZone, Inc retails and distributes automotive replacement parts and accessories in the United States, Mexico, and Brazil. The company provides various products for cars, sport utility vehicles, vans, and light trucks, including new and remanufactured automotive hard parts, maintenance items, accessories, and non-automotive products.